“P1™ has been successfully integrated into OMV Norge’s well delivery process.
The probabilistic approach proves to be an accurate tool for cost prediction of various drilling activities.
When planning a well, iQx™ P1™ impresses with intuitiveness and user-friendliness. Generating time estimates for a well, updating the model, changing operational steps and adding risks/probabilities to events can be managed within a short time frame allowing for an optimised utilisation of resources during the well engineering process. Contingencies can easily be catered for and program outputs are in a presentable form.
Therefore, P1™ adds flexibility in the planning phase and is one of the tools that allows our engineers to meet demanding deadlines with the required accuracy.
The well engineering department of OMV (Norge) AS fully recommends iQx™ P1™ application.
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